North Dakota is part of a multistate $15.5 million settlement with one of the nation’ s largest mortgage servicers. Pennsylvania- based NewRez LLC improperly imposed“ force-placed” insurance costs on more than 4,200 borrowers who already had active homeowners insurance policies, according to the state Department of Financial Institutions.
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My last three cars have each been a Kia Sportage, all three purchased at Bulldog Kia in Athens, from the same salesmen. The service at that dealership started to decline rapidly, and I moved to Heyward Allen Toyota, also in Athens, and from every indication, I will be there to stay. As a broke young TV reporter in Macon in 1984, I had over-bought myself a new sports car.
DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Putnam County, Flarida And Incorporated Areas The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary, Flood Insurance Rate Map, and where applicable, Flood Insurance Study, report, reflecting…
Three consumer-backed bills intended to help California homeowners keep their insurance and get claims paid cleared a critical legislative hurdle Thursday, while proposals targeting AI developers’ use of copyrighted work, restricting mental health diversion and banning designer pets died. With an Aug. 31 deadline to pass legislation approaching,…
The bottom line, the group says, is that across California, taxpayers and homeowners with insurance policies would end up paying more as a result of this shift. But the governor’ s office dismissed the notion of any secret bailout, stating in an email that the Newsom administration had been working on this issue for more than a year, since it became clear that an…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty subsidiaries of The Hanover Insurance Group, Inc., which are collectively referred to as The Hanover. Additionally, AM Best has affirmed the Long-Term ICR of“ bbb+” and all Long-Term Issue Credit Ratings of The Hanover Insurance Group,…
PwC report: 2026 sees shift in M&A activity from life to P/C
The property/casualty side of the insurance industry saw an uptick in merger and acquisition activity during the first half of 2026, driven largely by carriers looking to “deploy excess capital,” according to PwC’s US Deals 2026 Midyear Outlook.
Illinois homeowners and drivers will soon receive more warning before a large insurance increase— and, for the first time, state regulators will be able to challenge rates they determine are excessive or unfair. JB Pritzker signed two bills in August that change how Illinois regulates personal auto and homeowners insurance rates. Before these laws, Illinois…
Americans remain frustrated with high living expenses, driven by high gas prices and inflation. Even before the start of the Iran war, Americans felt gripped by an affordability crisis. The inflation rate has increased from 2.4% to 3.5%, and the average gas price has risen to more than $4 per gallon.
On Thursday, the case of Neil and Lacy West against State Farm Fire and Casualty Company was before Comanche County District Judge Grant Sheperd regarding two motions: to unseal what attorneys have called the "hot" documents, internal State Farm records at the center of the litigation, and whether State Farm CEO John Farney can be deposed in the case, a ruling…
Chris Tobin of Alliant Insurance Services was selected by Business Insurance as a 2026 Women to Watch honoree. "Chris has played an instrumental role in building and strengthening insurance and risk management programs that serve hundreds of real estate, healthcare, nonprofit, municipal and other public entity clients across the U.S., delivering…
Whether I'm at a community event, meeting with constituents or talking with neighbors, I often hear the same concern: it is increasingly harder to afford living on Long Island. Families are feeling squeezed by rising utility bills and higher auto insurance premiums, housing, health care and child care costs, all combined with the economic instability of our…
WASHINGTON, Aug. 13, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Pet Insurance Awards. "Choosing the right insurance coverage provides peace of mind to pet owners that they won't have to choose between their pet and their wallet when an unexpected accident or illness…
In the final few weeks of his last legislative session as California governor, Gavin Newsom is asking lawmakers to help reduce how much profit-making utility companies must pay out after wildfires. His administration has for weeks floated to lawmakers a wide-ranging but still-vague package of bills to address the spiraling costs of wildfires that has made…
AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Ratings to“ bbb-” from“ bb+” of The California Casualty Indemnity Exchange and its wholly owned subsidiaries: California Casualty General Insurance Company of Oregon, California Casualty& Fire Insurance Company and California Casualty Insurance Company.
The New York State Department of Financial Services today announced that it joined state financial agencies in 46 states in securing a $15.5 million settlement with one of the nation's largest mortgage servicers for imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. NewRez LLC has returned…
New Jersey and 46 state financial agencies in 46 states have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
LITTLE ROCK, Ark. Arkansas and 48 state financial agencies have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners' insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
The following information was released by the Environmental Defense Fund:. California's homeowner's insurance market has come under significant strain as growing wildfire risk drives more frequent and costly insurance claims. The impacts of rising wildfire risk have led insurers to raise premiums, limit coverage, and withdraw from high-risk areas,…
The following information was released by the Illinois Senate Democrats:. A new law led by State Senator Julie Morrison will provide insured drivers a way to resolve disputes with their insurers about repair costs or total loss valuations without involving the court system. The new law requires all automobile insurance policies in Illinois that include…
